Market recovery continues

After starting the year with a moderation of -1.7%, annual house price growth has recovered to 2.7% in June, bringing the average price of a property to £287,927.

This is the first month since April 2023 that all UK regions are recording positive annual price growth. Northern Ireland is experiencing the strongest growth at 6.4%, followed by Yorkshire and the Humber (4.7%) and Scotland (4.3%).

Confidence should continue to return to the housing market across the coming months, as inflation remains under control and interest rates are now taking their first steps downwards. Source: Dataloft by PriceHubble, ONS, UK HPI. June 2024